Group 1: Product Information - The price of Loxoprofen Sodium Gel Patch in local procurement is approximately [2] - The company believes that Loxoprofen Sodium Gel Patch and Ketoprofen Gel Patch complement each other in the market and do not compete directly [2] - Currently, the Loxoprofen Sodium Gel Patch is in the information submission phase for the 11th batch of centralized procurement [3] Group 2: R&D and Product Development - The company has six external preparations already on the market, including Loxoprofen Sodium Gel Patch and Ketoprofen Gel Patch [3] - Expected approvals in 2025 include Indomethacin Gel Patch and Flurbiprofen Gel Patch, while approvals in 2026 are anticipated for Ketoprofen Patch and others [3] Group 3: Marketing Strategy - The company focuses on continuous R&D investment to enrich its product matrix and leverage first-mover, scale, and cost advantages [3] Group 4: Financial Outlook - The company projects a revenue growth of 10-20% for 2025, with a similar expected increase in net profit [3] - There are risks associated with achieving these targets due to market conditions and industry policies, which may lead to uncertainties in forecasts [3]

Group 1: Company Involvement in Projects - The company has products applied in major hydropower projects, such as the Baihetan and Wudongde hydropower stations [2][3] - The company is actively monitoring the Yarlung Tsangpo River downstream hydropower project, which has uncertain demand and order volume for the company’s products [3] Group 2: Market Trends and Product Demand - The frequency of seal replacements has not significantly decreased despite economic pressures; however, some clients have shown a slight increase in repair over replacement [3][4] - The value of sealing products is low in the total investment of projects, but timely replacement is crucial for the stable operation of equipment [3] Group 3: Quality and Lifespan of Sealing Products - As the petrochemical industry advances, the quality requirements for sealing products are increasing due to longer maintenance cycles [4] - The average lifespan of sealing products is gradually increasing, but this will have a slow impact on the replacement cycle in the existing market [5]

Group 1: Business Recovery and Strategy - The company has implemented significant internal reforms, resulting in a noticeable improvement in management team dynamics and operational performance, particularly in the core areas of group operations and branch management [4] - As of June 2025, the company has experienced a year-on-year increase in its main business revenue, indicating a positive trend in traditional business recovery despite a competitive market [4] - The company aims to maintain operational cost control to support overall business performance throughout the year [4] Group 2: AI Employment Learning Machine Features - The AI Employment Learning Machine includes several core functionalities: AI Assistant, AI Employment Planning, AI Job Matching, real-time Employment Information updates, and unique Essay Correction and Question Bank systems [5] - The AI Assistant, named "AI Little Deer Teacher," utilizes accumulated consultation data from millions of students to provide quick answers to user inquiries related to public service exam preparation and employment [5] - The AI Job Matching feature updates job listings at a rate of over 10,000 per day, ensuring users receive timely and relevant job recommendations [5] Group 3: Pricing Strategy - The pricing model for the AI Employment Learning Machine consists of three tiers: 1. Basic model at ¥4,999, which includes online courses supported by AI [6] 2. Professional version priced around ¥7,000, offering basic employment services with human support [6] 3. Premium version ranging from ¥20,000 to ¥40,000, providing advanced personalized guidance and in-person classes [6] Group 4: Market Validation and Growth - Since its launch in March 2025, the AI Learning Machine has enrolled over 3,000 students, with 70% being graduates from the 2026 and 2027 classes, indicating strong market demand [8] - The goal for the high-end employment service product is to serve 10,000 to 20,000 students, focusing on solidifying service quality and ensuring employment outcomes for paying students [8] Group 5: Sales Channels - The sales channels for the AI Learning Machine include: 1. Agent distributors, both online and offline [9] 2. Nearly 700 company-owned branches with flexible sales strategies [9] 3. University employment service centers [9] 4. Self-built channels, including plans for flagship experience stores [9] 5. Online marketplaces [9] Group 6: Competitive Landscape - The company views competition in the AI+Education sector as a motivating factor, emphasizing the importance of product quality and brand recognition [10] - The strategic transition initiated in October 2024 has been supported by policy backing and industry actions, reinforcing the company's confidence in its market position [10]

Group 1: Investor Relations Activity Overview - The investor relations activity involved a specific audience survey with four participating investors [2] - The event took place on July 28, 2025, at the company's headquarters [2] - The company representatives included the Board Secretary and Deputy General Manager, He Xiaolin, and Securities Affairs Representative, Rong Huan [2] Group 2: Key Discussion Points - Investors raised questions regarding the impact of gold price fluctuations, industry conditions, and dividend policies [2] - The company ensured compliance with the Information Disclosure Management System, maintaining the accuracy and completeness of disclosed information [2] - Investors signed a commitment letter as per Shenzhen Stock Exchange requirements during the on-site investigation [2]

Group 1: Company Overview - Hanxin Technology is a professional service provider in the information technology sector, focusing on AI-based products and solutions for government and enterprise clients, covering three main areas: intelligent manufacturing, intelligent driving, and smart cities [3][4]. Group 2: Intelligent Manufacturing - The company utilizes the "Han工云" industrial internet platform to provide solutions in six key industries: process manufacturing, high-end equipment, food and pharmaceuticals, automotive parts, 3C electronics, and metal smelting [3][4]. - Hanxin Technology offers "AI + Industrial Vision" and "AI + Digital Factory" solutions to support digital transformation and productivity enhancement for industrial enterprises [4][5]. Group 3: Intelligent Driving - The company has developed a full-stack product matrix for intelligent driving, including cloud control platforms, safety monitoring systems, and autonomous driving algorithms, enabling collaboration among people, vehicles, roads, networks, and clouds [4]. - Hanxin Technology has successfully delivered the first intelligent connected demonstration road in Yantai, implementing various products such as holographic intersections and autonomous driving minibuses [4][5]. Group 4: Smart Cities - With over 20 years of industry experience, the company provides computing power, innovation, and intelligent products and services for sectors like government, education, and healthcare, leveraging Huawei's Kunpeng and Ascend processors [4]. Group 5: Product Development and Future Plans - Under the "hard terminal" strategy, Hanxin Technology has established a comprehensive product and service capability, integrating hardware, software platforms, and solutions [5]. - The company is actively exploring product application iterations in intelligent driving, including autonomous cleaning, unmanned mining trucks, and park logistics [5].

Group 1: Investor Relations Activities - The company conducted investor relations activities from July 24 to July 25, 2025, including specific object research and online meetings [3] - Attendees included various investment firms and securities companies, with a total of 40 participating entities [4] Group 2: Production and Financial Performance - The company’s 1500-ton aramid paper production line commenced trial production in June 2025, with capacity utilization expected to gradually increase in the second half of the year [5] - The net profit growth rate for the first half of the year exceeded revenue growth, attributed to a higher proportion of high-value-added products and maintained high capacity utilization [5] Group 3: Market Trends and Product Development - The most significant growth in the industry during the first half of the year was observed in the electrical insulation transformer sector, with strong demand in both domestic and European markets [6] - The company has initiated the industrialization of RO membrane substrate products, expected to commence production in Q1 2026 [9] Group 4: Customer Structure and Market Strategy - Approximately one-third of the company’s customers are international, with a focus on optimizing overseas business layout [10] - The strategy for increasing overseas market share includes enhancing R&D for high-value products, deepening market penetration in Europe, and expanding into emerging regions like the Middle East and Asia-Pacific [11]

Group 1: Strategic Partnerships and Product Development - The company established joint ventures with FAW Group for intelligent steering and suspension systems to accelerate the mass production of fully electric products, supporting the "big chassis" strategy [2] - The company has developed C-EPS and DP-EPS products, which have received domestic orders and entered mass production, while R-EPS samples have been completed [3] Group 2: Market Position and Competitive Advantages - Founded in 1998, the company has advantages in scale, product range, R&D capabilities, and customer coverage, positioning itself as a mixed-ownership automotive parts listed company [3] - The company has established 10 provincial technology centers and 1 municipal technology center, along with 11 CNAS-recognized laboratories, enhancing its R&D strength [3] Group 3: Market Expansion and Revenue Growth - The company has significantly increased its external market revenue share from 14% at the beginning of the 13th Five-Year Plan to 30%, with external orders accounting for 48% of total orders in 2024 [4] - In 2024, the company secured 307 new orders, with 142 from external markets, and over 80% of new energy orders covering various product lines [4]

Group 1: Revenue and Pricing Insights - The average customer price for 2024 is approximately 0.9 million yuan, with online prices around 0.4 million yuan and offline prices about 1.1 million yuan, showing a slight decline compared to 2023 [1] - The revenue share for engagement rings is about 77%, while wedding bands account for approximately 20%, with other jewelry sales making up the remainder [1] Group 2: Customer Demographics - As of March 2025, users under 24 years old represent 17.1% of the total user base, contributing 12.4% to sales; users aged 25-34 make up 64.8% of users and 63% of sales; users over 35 account for 18.1% of users and 24.6% of sales [2] - The 25-34 age group remains the primary revenue source, while the sales contribution from users over 35 is increasing, indicating a shift in growth sources [2] Group 3: Stock Incentive Plan - The stock incentive plan announced on July 11, 2025, involves granting up to 901,900 shares, representing 0.23% of the total share capital, to 27 key personnel [3] - The plan aims to align the interests of shareholders, the company, and core team members, enhancing motivation and retaining talent during a structural adjustment in the jewelry industry [3][4] Group 4: Business Development and Strategy - The company is in a critical exploration phase for its gold business in 2024, focusing on market research and consumer insights, particularly in wedding consumption [5] - The strategy emphasizes creating products that balance traditional ceremonial significance with modern aesthetics, targeting the wedding market while extending to lifelong wear [5]

Group 1: Harmonic Magnetic Field Motor Technology - The company has developed harmonic magnetic field motor technology that utilizes harmonic magnetic fields, resulting in higher power density and significant material cost savings compared to traditional motors [2] - The technology has led to multiple patent applications, establishing a technological moat and competitive advantage [2] - Applications of this technology span both micro motors and large motors, with broad usage in industrial and automotive sectors [2] Group 2: Development and Application of Harmonic Magnetic Field Motor Technology - The harmonic magnetic field motor technology has been successfully applied in logistics systems and certain automotive motor products, gradually achieving mass production [3] - The technology shows competitive advantages in humanoid robots, with significant growth opportunities in this sector expected to become the company's third growth curve [3] Group 3: Future Growth Sources for Cleaning Business - The cleaning system business is primarily focused on the domestic market, with overseas markets showing substantial growth potential due to a solid customer base [4] - The company has a small market share in certain domestic automotive partnerships, indicating significant competitive space for future growth [4] - The cleaning system products are categorized into traditional cleaning systems and ADAS active perception cleaning systems, with the latter offering substantial market value increase [4] Group 4: Progress of ADAS Active Perception Cleaning System - The company has secured mass production projects for the ADAS active perception cleaning system with clients such as Waymo and Meituan [5] - Plans are in place to configure an annual production capacity of 250,000 sets of the cleaning system, with some production to be located in Thailand [5] Group 5: New Motor Development and Future Investment Plans - The company has a strong technical foundation in motor development and has achieved mass project designation in the EPB sector, marking a significant step in expanding its motor offerings [6] - Future plans include diversifying investment strategies through mergers, acquisitions, and strategic partnerships to enhance collaboration across the supply chain [6]

Group 1: Company Overview and Business Strategy - The company operates in the precision rubber components market, which has shown steady growth globally [3] - The transmission system business faces a dual structure of "international foreign monopoly and domestic fragmentation" [3] - International market is dominated by giants like Gates and ContiTech, while domestic firms are numerous but small, requiring consolidation [3] Group 2: Production Capacity and Investment Projects - All production projects funded by the company are progressing normally, with some production lines already operational [3] - The intelligent factory for transmission belts and the expansion project for tension wheels are still under construction [3] - Future capacity optimization is expected to positively impact the company's main business scale and performance growth [3] Group 3: International Business Development - The company leverages the Michelin brand to expand its international market presence [3] - New partnerships with international clients have been established, with products exported to Europe, Southeast Asia, and South America [3] - The company aims to continue expanding its overseas business in other regions [3] Group 4: Robotics Business Progress - The company is exploring compatibility between its core products and robotics motion control algorithms and hardware platforms [4] - Key components include rubber transmission systems and sealing systems, enhancing the durability and dynamic sealing performance of robots [4] - A dedicated robotics division has been established, with sales of transmission and sealing components already initiated [4]